B3 reported recurring net income of R$1.22 billion in the second quarter of this year, down 0.8% compared to the same period last year and 1.5% compared to the first quarter.
Income includes non-recurring tax impacts, extraordinary M&A expenses of R$18.5 million and amortization of intangible assets related to the merger of Cetip of R$127 million.
Net income attributable to shareholders was R$ 1.09 billion in the second quarter, a drop of 8.5% compared to the same period last year and 0.8% compared to the first quarter.
Total revenues amounted to R$ 2.5 billion, down 7.1% compared to the second quarter of last year and 2.3% compared to the first quarter. In the listed segment, revenues dropped 10.4% in 12 months, to R$1.618 billion.
B3 states, in its earnings release, that the listed segment was impacted by a second quarter marked by the continuity of concerns about the global macroeconomic scenario – with increases in the basic interest rates of the main economies of the world to contain the escalation of inflation -, while in Brazil, the Central Bank continued with a contractionary stance and raised the basic interest rate (Selic) to 13.25% in June.
The average daily financial volume traded (ADTV) in shares reached R$28.8. this year, respectively.
In the listed derivatives segment, the average daily trading volume (ADV) totaled 4.3 million contracts, in line with the same range in 2021 and 3.3% lower than in the first quarter.
On the other hand, according to B3, the OTC segment showed increases in the stock of fixed income instruments of 23.5% and 8.4% in relation to the second quarter of 2021 and the first quarter, respectively, reaching R$ 4, 6 trillion at the end of the quarter, and 23.1% and 11.8% in the same intervals in the issuance of these assets, which reached R$ 4 trillion in the quarter.
In terms of financial performance, revenues totaled R$2.5 billion, down 7.1% and 2.3% against the second quarter of last year and the first quarter, respectively, mainly due to lower volumes in the Listed segment. . B3’s expenses totaled R$842.5 million in the second quarter, representing an increase of 12.4% in 12 months and a decrease of 1.6% in the quarter.
B3 ended June with total assets of R$47.4 billion, down 9.8% from December. Cash and cash equivalents (current and non-current) totaled R$17.8 billion. According to the exchange, the cash position includes BRL 360 million in interest on equity and BRL 413 million, both paid in July.
Gross debt stood at R$12.8 billion (75% long-term and 25% short-term), corresponding to 1.9x the recurring Ebitda in the last 12 months. Shareholders’ equity at the end of June was BRL 20.7 billion, mainly composed of capital stock of BRL 12.5 billion and capital reserves of BRL 7.9 billion (against BRL 8.3 billion in December of 2021).
Source: CNN Brasil